Affiliated Managers Group, Inc.

AMG

$364.02

+2.12%

2026-09-03 15:27:58 EDT+$7.55

Financial Services

Asset Management

NYSE

Active Trading

Affiliated Managers Group, Inc. (AMG) functions as an asset management firm, leveraging its network of affiliates to provide comprehensive investment management solutions. ...

Price Action of AMG

$364.02

+2.12%+$7.55

High—

Low—

52W High-7.4%

Rel. vol—

Interval

Range6.4h

Volume—SMA5SMA10

—

Affiliated Managers Group, Inc. (AMG) is a global asset management firm founded in 1993 and headquartered in West Palm Beach, Florida. AMG functions as a strategic partner and long-term investor in leading independent investment management firms globally. The company provides its affiliates with growth capital, distribution, and strategic business development ...Affiliated Managers Group, Inc. (AMG) is a global asset management firm founded in 1993 and headquartered in West Palm Beach, Florida. AMG functions as a strategic partner and long-term investor in leading independent investment management firms globally. The company provides its affiliates with growth capital, distribution, and strategic business development support, while preserving their investment-centric cultures. AMG serves a diverse clientele including mutual funds, institutional investors, high-net-worth individuals, charitable foundations, endowments, and defined benefit/contribution plans. Its investment products span equity strategies (small, mid, large-cap value/growth, emerging markets), quantitative, alternative, and fixed-income assets. With approximately $942 billion in assets under management (as of mid-2026), AMG has over 40 affiliate firms managing more than 500 strategies. The company generates revenue primarily through management fees and performance fees, with an operating margin around 30% and a net margin of about 34% (fiscal 2024 TTM). It maintains a strong financial position with an investment-grade balance sheet, low leverage, and robust free cash flow generation. Key leaders include CEO Jay C. Horgen, who has been with the company since 2009 and became CEO in 2023. AMG is listed on the NYSE and is part of the S&P 400 index. The company has a global footprint with offices in the US, UK, UAE, Australia, Hong Kong, Japan, and Switzerland, and continues to expand through strategic partnerships and acquisitions.ExpandCollapse

Founded

1993

Employees

5600

CEO

Jay C. Horgen

Full Name

Affiliated Managers Group, Inc.

Sector

Financial Services

Industry

Asset Management

ROE

26.95%

Market Cap

$9.61B

WACC

8.51%

ROIC

21.48%

Contact Information

https://www.amg.com

800-345-1100

777 South Flagler Drive, West Palm Beach, FL 33401

Key Metrics of AMG

Snapshot

Latest / TTM · 6 periods

Market Cap

$9.61B

ROCE

8.1%

EV / EBITDA

7.33x

-1.2% YoY

FCF Yield

11.3%

-0.9% YoY

Cash Conversion Cycle

122.2d

Current Ratio

0.00

Quick take

TTM —

Current ratio below 1.0

Positive CCC

Financial Highlights of AMG

Profitability trend

Latest / TTM · 6 periods

Gross Margin

79.9%

Net Margin

33.9%

P/E Ratio

11.75x

n/a

Debt / Equity

0.99

n/a

Current Ratio

0.00

Dividend Yield

0.0%

Understanding

TTM —

Current ratio below 1.0

Calendar of AMG

Upcoming

Sep 30, 2026In 26 days
Q3 FY2026 · Estimated results
Est. EPS $8.62 · Revenue $646.12M · 5 analysts
Dec 30, 2026
Q4 FY2026 · Estimated results
Est. EPS $11.84 · Revenue $655.87M · 5 analysts
Dec 31, 2026
FY2026 · Estimated annual results
Est. EPS $36.95 · Revenue $2.48B · 5 analysts
Mar 30, 2027
Q1 FY2027 · Estimated results
Est. EPS $9.75 · Revenue $604.08M · 3 analysts

Recent history

Aug 24, 2026
Dividend payment
$0.04 per share
Aug 10, 2026
Ex-dividend date
$0.04 per share
Aug 7, 2026
Q2 FY2026 · Results reported
EPS $6.95 · Revenue $655.30M
View filing
May 7, 2026
Q1 FY2026 · Results reported
EPS $3.84 · Revenue $544.90M
View filing
Feb 17, 2026
FY2025 · Annual results
EPS $22.74 · Revenue $2.45B
View filing
Nov 6, 2025
Q3 FY2025 · Results reported
EPS $6.87 · Revenue $528.00M
View filing

Financial Statements of AMG

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$2.4B	+19.8%	+20.3%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$716.6M	+40.1%	+68.4%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+86.0%	+56.0%	+19.9%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+31.8%	-8.3%	+124.6%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+29.3%	+16.9%	+40.0%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$1.0B	+8.2%	-15.9%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+41.1%	-9.7%	-30.1%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	83.1%	+6.1%	+4.7%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	1.34x	-39.5%	—
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$9.2B	+4.3%	+0.1%

Actual vs Estimate

A Dec 31Q Jun 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	22.74 vs 25.54	-11.0%	6.95 vs 7.90	-12.1%
Revenue Surprise	$2.4B vs $2.1B	+16.7%	$655.3M vs $590.9M	+10.9%

Insider Transactions of AMG

Acquisitions (A)

Since Jul 30, 2026

Disposals (D)

Since Jul 30, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Aug 15, 2026	FRANQUI ANNETTE	director	Common Stock	A	477	—
Aug 15, 2026	FRANQUI ANNETTE	director	Stock Units	D	477	—
Aug 15, 2026	Matos Rodriguez Felix V.	director	Common Stock	A	654	—
Aug 15, 2026	Matos Rodriguez Felix V.	director	Stock Units	D	654	—
Aug 15, 2026	STARR LOREN M	director	Stock Units	D	716	—

Earnings Call Transcript of AMG

1 transcript segments

Q2 2026

Unknown Speaker

Operator : Greetings, and welcome to the AMG Second Quarter 2026 Earnings Call. At this time, all participants are in a listen-only mode. [Operator Instructions] Please note, this conference is being recorded. I will now turn the conference over to your host, Patricia Figueroa, Head of Investor Relations. Please go ahead. Patricia Figueroa : Good morning, and thank you for joining us today to discuss AMG's results for the second quarter of 2026, Before we begin, I'd like to remind you that during this call, we may make a number of forward-looking statements, which could differ from our actual results materially due to a number of factors, including those described in today's earnings press release and our most recent Form 10-K and subsequent filings with the SEC. And AMG assumes no obligation to update these statements. Also, please note that nothing on this call constitutes an offer of any products, investment vehicles or services of any AMG affiliate. A replay of today's call will be available on the Investor Relations section of our website along with a copy of our earnings release and reconciliations of any non-GAAP financial measures, including any earnings guidance provided. In addition, we have posted an updated investor presentation to our website and encourage investors to consult our site regularly for updated information. With us today to discuss the company's results for the quarter are Jay Horgen, President and Chief Executive Officer; and Dava Ritchea, Chief Financial Officer. With that, I'll turn the call over to Jay. Jay Horgen : Thanks, Patricia, and good morning, everyone. Today, AMG reported another quarter of record results. including the highest second quarter earnings in our company's history. Adjusted EBITDA of approximately $316 million and economic earnings per share of $8.29 grew 44% and 54% year-over-year, respectively, reflecting the strength of our diversified business and the ongoing execution of our strategy. Assets under management increased to a record $942 billion, driven by net inflows in markets and setting the stage for ongoing earnings growth momentum in the second half of 2026. We continue to generate strong organic growth with $13 billion in net inflows in the quarter and $56 billion in net inflows over the last 12 months. Importantly, these figures understate the exceptional momentum in higher fee, higher margin alternative strategies, which attracted $29 billion in net flows in the quarter and approximately $100 billion over the past 12 months. Given this significant growth and our increasingly attractive business profile, we continued to repurchase shares at an elevated pace, deploying approximately $189 million towards repurchases in the quarter and approximately $375 million in the first half of 2026. The momentum across our business highlights the successful execution of our strategy and is a result of the ongoing evolution of our earnings profile towards alternatives. Today, alternatives account …

Leadership Team of AMG

11 executives

Name	Title	Compensation	Gender	Year Born	Status
Jay Horgen	Chief Executive Officer, President & Director	USD 7,344,950	Male	1971	Active
Dava Elaine Ritchea	Chief Financial Officer	USD 2,525,200	Female	1985	Active
Kavita Padiyar	General Counsel & Corporate Secretary	USD 1,959,175	Female	1983	Active
John R. Erickson	Vice Chair of Affiliate Engagement & Capital Formation	USD 1,864,294	Male	1971	Active
Benjamin Langille	MD & Head of Affiliate Transactions	—	Male	—	Active
Aaron Galis	MD & Chief Accounting Officer	—	Male	—	Active
Stephen T. Pruell	MD & Chief Information Officer	—	Male	—	Active
Alexandra K. Lynn	Chief Administrative Officer	—	Female	—	Active
Ann Imes	Managing Director of Human Resources	—	Female	—	Active
Laura Thompson	Managing Director of Taxation	—	Female	—	Active
Patricia Figueroa	Vice President of Investor Relations	—	—	—	Active

Recent News of AMG

Zacks Investment Research8/5/2026Neutral

Affiliated Managers Group (AMG) is a Top-Ranked Value Stock: Should You Buy?

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Zacks Investment Research8/4/2026Neutral

What Makes Affiliated Managers Group (AMG) a Strong Momentum Stock: Buy Now?

Does Affiliated Managers Group (AMG) have what it takes to be a top stock pick for momentum investors? Let's find out.

Zacks Investment Research8/4/2026Neutral

Affiliated Managers Group, Inc. (AMG) Hits Fresh High: Is There Still Room to Run?

Affiliated Managers (AMG) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Defense World8/4/2026Neutral

Affiliated Managers Group, Inc. $AMG Shares Purchased by California State Teachers Retirement System

California State Teachers Retirement System increased its holdings in Affiliated Managers Group, Inc. (NYSE: AMG) by 22.7% in the undefined quarter, according to its most recent disclosure with the SEC. The firm owned 32,852 shares of the asset manager's stock after acquiring an additional 6,087 shares during the period. California State Teachers Retirement

Defense World8/4/2026Neutral

Affiliated Managers Group, Inc. (NYSE:AMG) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Affiliated Managers Group, Inc. (NYSE: AMG - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eight brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The

Historical Employee Count of AMG

Current

5,600

Change

+36.59%

Minimum

3,950

Maximum

5,600

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	5,600	10-K	Feb 17, 2026	View
Dec 31, 2024	4,100	10-K	Feb 14, 2025	View
Dec 31, 2023	4,000	10-K	Feb 16, 2024	View
Dec 31, 2022	3,950	10-K	Feb 17, 2023	View
Dec 31, 2021	4,050	10-K	Feb 18, 2022	View

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Affiliated Managers Group, Inc.